The argument between a promising software maker for construction firms, Textura Corp., and a short-seller, Andrew Left, has entered a contentious second phase. Retail stock analysts defended the cloud company and characterized Left's recent profanity-laced report, which accuses Textura of fraud, as a gross distortion.
In addition, Textura's top managers expanded on their prepared statement calling claims by Left's firm, Citron Research, which published the report, as unfounded and false. Textura suggests Citron's accusations made in Citron's newsletter and website were designed only to drive down Textura's share price and increase the trade volume in Textura's shares in order for Citron to profit on a short position.